Carbon Streaming Corporation announced that it will provide Microsoft with carbon removal credits from the Waverly Biochar project in Waverly, Virginia. The Waverly Biochar project is expected to deliver up to 10,000 tonnes of carbon dioxide removal credits per year towards Microsoft's carbon negative target. Carbon Streaming's approach provides project capital to project developers, enabling them to accelerate their projects.

This also provides a major benefit to corporations using carbon credits as part of their climate strategies. Rather than having to provide upfront capital to climate projects, corporations can instead commit to purchasing the verified removal upon issuance. This relationship between Carbon Streaming, project developer and corporate end users aims to remove a key barrier to corporate action - internal ability to invest upfront.